A research report by CITIC Securities states that the A-share bull market is expected to continue into 2026. The report forecasts that the index will continue to trend upward amid volatility, though the pace of growth is expected to slow, with investors paying closer attention to improvements in fundamentals and confirmation of economic momentum. Investors should be wary of the risk of structural or temporary pullbacks in the technology sector, as commodities are likely to emerge as a new key investment theme in the A-share market following the tech-driven trend. Key sectors to watch include: new energy, non-ferrous metals, basic chemicals, oil and petrochemicals, non-bank financials, defense, machinery and equipment, and computing. Key thematic areas to watch include: new materials, solid-state batteries, commercial space, nuclear power, and cross-strait integration.